1905-07 Arts StNew OrleansLA70117
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Orleans at 1905-07 Arts St, New Orleans, LA, 70117 generates $2,097/mo in rent and, after a $1,204/mo payment, leaves $573/mo in cash flow. Total monthly income is $2,097/mo, and annual cash flow is $6,878/yr on $81,549 invested. Return on cash invested sits at 28.34% in year one, and rental yield is 10.23% on a $245,999 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation builds toward $67,965 over five years. Five-year ROI reaches 148.11% and total cumulative return in cash sums $120,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,097/mo property income rather than buyer’s personal income.
Multi Family
Built in 1950
3,519 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70117, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,497 (100%) |
| Owner Occupied HU | 6,234 (37.8%) |
| Renter Occupied HU | 7,290 (44.2%) |
| Vacant Housing Units | 2,973 (18.0%) |
| Median Home Value | $297,388 |
| Average Home Value | $417,629 |
Housing Distribution
Address Breakdown
Residential
16,789
Single Family
16,085
Multi-Family
704
Businesses
737
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Listed by: Danielle Bennette • Bennette Dukes Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2484765
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